... that auditors became more conservative after the Sarbanes-Oxley Act (SOX). However, Feldmann and Read (2010) suggested that the year following SOX was not typical due to the intense spotlight directed at the audit profession. We revisit Li (2009) by extending the post-SOX period to 2011, and find robust...

..., result in more reliable financial information. Empirical research regarding the relation between the quality of internal control and the quality of accounting information is limited ( Doyle et al. 2007a , 2007b ). As discussed in the “Background” section, a number of recent studies in the U.S. SOX...